"Let me add, that it is the great desideratum, by which this form of Government can be rescued from the opprobrium under which it has so long labored, and be recommended to the esteem and adoption of mankind." Federalist 10, James Madison

Translate

Thursday, January 2, 2014

Boeing Machinists vote(Part I)

In what is shaping up as a keystone vote on local union strength and power, Boeing's machinist union members will vote tomorrow on a contract extension that is being rejected by local leaders but recommended by the national union. Boeing is threatening to move 777X development to another state if the Machinist union does not comply with this current offer. This struggle has some important edges to it. The local machinist union is rejecting any attempts to sever them from traditional pensions. It is also advising rejection of the latest Boeing offers citing Boeing current economic success and a recent decision by the Boeing to order $10 B in stock buybacks. The IAM local is standing firm on rejection of the current offer; sending a strong message to corporate America. The New York Times is covering the split between the local and national union representation: